Crete

Crete – the southernmost island in Europe has 1,000 kilometer-long coastline dotted with numerous coves, bays and peninsulas, which afford a multitude of soft, sandy beaches along the beautifully blue Mediterranean Sea also with a variety of mountain villages, bars, restaurants & nightlife.

There are magnificent mountain ranges, water-sports, tranquil locations and clean swimmable seas. Clear sunlight much of the year, the climate is one of the best in Europe.

The largest island in Greece, it is understandably a most popular travel and vacation destination.

Crete - There is an abundance of wildlife, plants & flowers that are unique to the island. Breathe in the ever-present scents of wild herbs, taste fresh fruit, the best of the world’s olive oil and healthy, delicious cheeses. Enjoy the delight of sipping a Greek coffee at the roadside “Kafenio” in a mountain village, the excitement and overflow of weddings and occasions, the history and the people. It is also a historian's and archaeologist's paradise as it is the home of the Minoan civilization with important archaeological findings at Knossos, Phaistos and Gortys. Crete has a unique history dating back to days gone by due to its isolation from the mainland of Greece, its proximity to North Africa, Egypt and the coast of Palestine. This crossroad of 3 continents has meant that, depending on the dominant power in the eastern Mediterranean, Crete had been drawn into various orbits of influence, political and economic. Crete’s heritage was influenced by the rich tapestry of these different cultures and its ancient history is steeped in mythology including the legend of King Minos; Theseus and the Minotaur as well as Daedalus and Icarus. These mythological legends have been passed on via Greek historians and poets such as Homer and it is from these as well as the archaeological findings that we know that Crete was the center of the Minoan Civilization, the most ancient civilization in Europe and this can be witnessed in places of historic interest all over Crete.

Crete has a people noted for their hospitality and tradition of welcoming visitors. The traditions and culture are offered in the music, art, food and crafts and play a large part in this picture. It combines European ways with the uniquely local atmosphere.

Being the largest of the Greek islands, Crete offers both developed tourist areas with resort hotels and also quiet coves, hidden beaches and invigorating mountain villages and plateaus that reward the discerning world traveler.

Why invest in Crete?

Until relatively recently few overseas investors bought property in Crete, especially compared to other destinations such as Spain, France and Italy. This changed when Greece relaxed its regulations for the purchase of property by foreign nationals in Greece. Now that property purchase in Greece has become a simple process, especially for nationals of EEC countries, the house market in Greece and in particular Crete has expanded year after year. The 2004 Olympic Games put Greece well and truly in the spotlight and gave it international coverage. This gave Sitia in Crete a new airport and Olympic stadiums were developed on the mainland and also in Heraklion in Crete. These facts along with improvements in infrastructure have helped to fuel a growing property market in Greece and especially on the island. With a property market that is growing at a rate of 15% every year in some areas of the island, Crete gives investors fantastic capital appreciation potential and yet property prices are still competitive in comparison with other European countries such as Spain and Italy. With a burgeoning tourist market the “buy to let market” is growing in popularity but the pure investment of having a second home in one of the most beautiful islands in the world is becoming a reality for a lot of smart investors.